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Black Owned Proptech Startup, REZI Secures $100M to Expand Nationwide

REZI, a real estate technology company offering “Occupancy-as-a-Service” for rental property owners, has secured $100M in debt financing from Stratos Credit, announced on Tuesday by Sean Mitchell, CEO & Co-founder at REZI.

rezi

This funding comes at a time of rapid growth at the NYC-based company. It has expanded into several new markets across the country, including Los AngelesSan Francisco, and most recently, Austin, after securing a deal with Rastegar Property Company to lease-up over 200 vacancies across nine of the firm’s developments.

REZI will leverage this new $100M in capital to expand its offerings to more property owners in existing and new markets. The company uses innovative technology including machine learning algorithms to accurately predict rent prices, vacancy timelines, and credit losses.

It then uses those insights to guarantee leasing performance for property owners who work with them.

“Stratos has been a core strategic partner of REZI since 2017. This facility marks the next phase in our relationship and the beginning of a new and exciting time at REZI as we expand our service across the country and launch more products for property owners, investors, and renters alike” said Sean Mitchell.

Leveling the renting field for everyone

REZI leverages the latest tools in technology, analytics, and finance to get rid of the old inefficiencies to focus on empowering both tenants and property owners.

For landlords, they remove risks from the equation by guaranteeing their income and taking over every aspect of the renting process. For tenants, they offer a fast, easy, and free experience to find their next home, removing removed broker fees and replacing unnecessary bias with financial eligibility and secure background checks.